17/02/2024
HASAN Sets Stage for Halal VC Fund and Accelerator Launch in 2024. Pioneering Next-Gen Startups in Halal Industries with Innovative Acceleration Programs.
Kuala Lumpur, February 17, 2024 –
HASAN, an integral part of the Ethis Group, today unveiled its venture capital and accelerator program designed to propel startups in the halal economy. The HASAN Accelerator offers an engaging 8-week online program, set to run every six months for the next two years, focusing on key regions in the Muslim world.
The initiative aims to empower innovative startups. Their approach is distinctively holistic, combining financial support with crucial strategic advisory services, mentorship and a large database of over 60 million muslims through its partners. Investments cover a range from tech to halal lifestyle, with funding between USD 60K and USD 250K.
"We are leveraging a decade of experience in the Islamic economy and a strong network of
institutional investors and industry leaders; which paves the way for HASAN to emerge as a central hub for both startups and investors in the halal sector," stated Mohd Akhtaar, Head of Accelerator & Investor Relations at HASAN.
"Our deep-rooted expertise positions us as a key player in nurturing growth and driving investment within the vibrant halal market."
"This integrated model addresses a key challenge faced by Muslim owned startups: the need for a comprehensive ecosystem within the halal economy that simultaneously provides capital and strategic guidance," said Umar Munshi, Managing Partner of HASAN Venture Capital & Group MD of Ethis.
By offering both, they effectively fill a critical gap, eliminating the common struggle startups
face in separately seeking funds and advice. This makes HASAN's initiative timely especially
with the ongoing market correction, setting a new standard in startup support.